|
You simply set up a Pre-Authorized Contribution from your Scotiabank bank account.
It may work best to match your contributions with the days you get paid. You can choose weekly, biweekly or monthly contributions1 in any amount, as long as you save a minimum of US$100 each month.
For every month that you contribute to your plan, you’ll earn a portion of the total cash top-up that will be added to your savings when your new Scotiabank Mortgage is advanced.
If you save regularly, you can earn up to the maximum top-up – up to US$2,000. Take a look at the chart.
You must contribute to the Scotiabank Home Savings Plan for a minimum of 12 months and contribute a total of US$1,200 to qualify for your cash top-up.
| See how much you can earn |
| Mortgage Amount |
Top up earned after: |
| Year 1 |
Year 2 |
Year 3 |
| $25,000 |
$208 |
$417 |
$625 |
| $50,000 |
$417 |
$813 |
$1,250 |
| $75,000 |
$625 |
$1,250 |
$1,875 |
| $100,000 |
$833 |
$1,667 |
$2,000 |
| $150,000 |
$1,250 |
$2,000 |
$2,000 |
| $200,000 |
$1,667 |
$2,000 |
$2,000 |
|
Opening your Scotiabank Home Savings Plan is easy.
Contact us for more information about this product and how you can easily transfer your existing business to Scotiabank.
1 Conditions apply. Subject to credit approval. |
|
